OIL-DRI CORP OF AMERICA (ODC) Stock Technical Analysis
NYSE:ODC - US6778641000 - Common Stock
59.38 USD
+0.27 (+0.46%)
59.38 USD
0 (0%)
We assign a technical rating of 10 out of 10 to ODC. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ODC is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that ODC is one of the better performing stocks in the market, outperforming 91% of all stocks. We also observe that the gains produced by ODC over the past year are nicely spread over this period.
ODC is one of the better performing stocks in the Household Products industry, it outperforms 100% of 12 stocks in the same industry.
ODC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ODC is lagging the market slightly.
In the last month ODC has a been trading in the 55.38 - 63.00 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
ODC has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
40.69
63.21
6 important support areas can be observed.
- A support zone ranging from 58.71 to 58.85. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 56.09 to 56.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @49.09 from a trend line in the daily time frame.
- Support @47.00 from a trend line in the weekly time frame.
- Support @42.52 from a horizontal line in the daily time frame.
- Support @41.10 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 62.57 to 62.58. This zone is formed by a combination of multiple trend lines in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for ODC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ODC is up. |
| ChartMill Relative Strength | 91.32 | POSITIVE | ODC has a high relative strength, it outperformed 91.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ODC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ODC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ODC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.87 | NEUTRAL | The RSI value for ODC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ODC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.67 | NEUTRAL | The Stochastics value for ODC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.81 | MEDIUM VOLATILITY | The ATR as a percentage value for ODC suggests some volalility. |
| Average Directional Index/ADX (14) | 14.85 | NEGATIVE | The low ADX value for ODC suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 62.59 | 58.70 | 3.89 (6.22%) | 16.09% |
| An entry @62.59. This is a Buy Stop order right above the resistance zone. | An exit @58.70. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.89 points, which is 6.22%. | When investing 16.09% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
59.38
+0.27 (+0.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryHousehold Products
Performance
% Chg0.46%
1 Week0.49%
2 Weeks-0.12%
1 Month5.85%
3 Month18.36%
6 Month34.62%
12 Month74.16%
2 Year76.2%
3 Year330.45%
5 Year239.12%
10 Year408.61%
15 Year478.47%
Volatility
ATR(14)1.74
ATR(20)%2.81%
ATR Inc-49.38%
Range Today0.68
ADR(20)1.61
ADR(20)%2.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.32
Mansfield2.05
10 Day High60.34
10 Day Low57.5
20 Day High63
20 Day Low55.39
52 Week High63.82
52 Week Low32.06
CS1 End58.85
CR1 Start62.57
Volume & EV
DER(3)-1.35%
DER(5)-0.6%
Volume34.30K
Volume Incr31.34%
Vol(5)85.20K
Vol(50)77.40K